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About the O'Fallon, Illinois Area Request our Free O'Fallon, Swansea, Shiloh and Scott Air Force Base Relocation Package. It's packed full of useful and important information about the O'Fallon, Swansea, Shiloh and Scott Air Force Base, Illinois area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out... It's our job to know EVERYTHING about O'Fallon, Swansea, Shiloh and Scott Air Force Base! Ask us any question. Or request a FREE information package. There's no obligation, and we promise to get back to you quickly... 
Tax Considerations >Capital Gains Exemptions Home sellers are always interested in their tax deduction options. If you recently sold a home without meeting the basic ownership and use criteria for waiving capital gains tax, you might still be able to claim reduced exemptions if you meet certain other criteria.
Homeowners who had to sell because of a change in place of employment can qualify for reduced tax. You must prove that the job change occurred while you owned and used the home as your primary residence, and that your new job is located at least 50 miles farther from your residence than your previous place of employment.
A reduced exclusion from capital gains tax may also be granted for health reasons. If your motivation for selling your house was to obtain diagnosis, treatment or cure for a disease or injury to you or a family member, you can apply for an exclusion. Unforeseen circumstances such as death, unemployment, divorce or natural disasters may also reduce your capital gains tax. Consult a tax professional for advice about your unique circumstance.
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| Q |
What does the abbreviation PITI stand for?
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| A |
Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment. |
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